The Litecoin community is gearing up for its third halving event, set to occur on August 2. During this event, miners will receive 6.25 coins for every block they successfully mine, reducing the coin supply and affecting its underlying value. The predictable coin supply of Litecoin is comparable to that of Bitcoin, which has previously led to significant crypto rallies following halving events.

Litecoin's creator, Charlie Lee, and former Director of Engineering at Coinbase, has predicted that Litecoin's price will increase by 10% against Bitcoin in the next bull run. He believes that a 5% increase in price shouldn't be too difficult to achieve during the next market upswing, and he doesn't foresee the price going below 1% on the downside. With 11.5 years of history and zero downtime, Litecoin has strong fundamentals that give it significant potential for growth.

Lee's bullish sentiment towards Litecoin is due to its design, which allows for higher throughput without compromising security. Despite the "regulatory risk" that many in the market are concerned about, the CEO of Australian crypto exchange Coinjar is seeking to expand to the United States, indicating a willingness to take on such risks. The upcoming Litecoin halving event presents an opportunity for investors and traders to potentially profit from the anticipated price increases.